The analysis begins with Bitcoin's weekly chart indicating a rising wedge pattern, suggesting a potential breakdown. A key price to watch for negative confirmation is identified at 119,000. Analysis of daily price action shows that Thursday is statistically the most likely day to close negatively with an average percentage loss of 1.8%. A bounce-back to 116500 is a possibility in the short term. The CME futures chart shows that crossing below the red and yellow moving averages leads to a gravitational pull to the green moving average. It also discusses historical instances for the 5D time frame MACD with multiple drives of bearish divergence to show a continuation of bearish signals. The video also mentions the weekly RSI showing bearish divergence and acknowledges price targets. The analysis concludes that the speaker favors more downside after a bit of a bounce with the low pivot target to be 99441.